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  "documentTitle": "Remitly Global, Inc. (RELY)",
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  "authorName": "Spruce Point Capital Management",
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      "text": "That would indicate a problem somewhere in the business. If your take rate was stable and transaction size fell or vice versa, that would indicate something's getting worse in the business.",
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      "text": "Spruce Point spoke with a Former Remitly Executive who spent over 5 years at the company in a variety of financial and business management roles. When we asked about the stability of the take rate in the face of declining transaction size, we were told that that would indicate a problem unless it could be explained by a mix shift to mobile wallets. Curiously, Remitly just stopped disclosing its number of mobile wallets.",
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      "text": "That wouldn't shock me because of mix. ... That would indicate a problem somewhere in the business. If your take rate was stable and transaction size fell or vice versa, that would indicate something's getting worse in the business. ... I don't know why they would've stopped disclosing it. — Former Remitly Executive",
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